Need Cash for Growth?

The QLD government have two grant programs worth looking at:

cash growth, M+H Private, Accountants, Brisbane, Australia

  1. Applications for the Accelerate Small Business Grant is closing 5pm 27 March 2018 – Grants of up to $10K

  2. The Business Growth Fund – a new program that kicks off on 28 March 2018 and provides upfront payments of $50K.

Accelerate Small Business Grant

The Queensland Government is providing matched funding of up to $10,000 (ex GST) for eligible businesses to engage a business mentor, coach, specialist consultant or an advisory board, for between 6 to 12 months. The grant received must be matched by a cash contribution from the participating business.

Eligibility Criteria

To be eligible for this grant the business must:

  • Have a minimum trading history of 3 years at the time of application;

  • Have a minimum turnover of $500,000 in the previous 12 months;

  • Less than 20 employees;

  • Have an Australian Business Number (ABN) and be registered for GST;

  • Have QLD headquarters or significant QLD presence;

  • Have competitive opportunities in domestic or international markets;

  • Be experiencing growth and have clearly defined high-growth and employment; opportunities; and

  • Declare if any owners or directors of the business are an undischarged bankrupt or insolvent.

High growth is generally considered to be a 20% increase in turnover or employment.

To apply please visit - https://dtesb.smartygrants.com.au/accelerateR2

The Business Growth Fund

The Accelerate program will be replaced by this new, expanded program called the Business Growth Fund. Under the new program, funding of up to $50,000 (ex GST) may be provided to eligible businesses to purchase and implement specialised equipment or services to enable business growth.

Eligible Equipment

  • Production equipment to meet otherwise unachievable growth demand;

  • Advanced digital equipment and systems (e.g. 3D printers, scientific equipment or medical devices); or

  • Advanced logistics systems and equipment.

Eligible Services

  • Engage business mentors, coaches, consultants or advisors to provide advice (e.g. on business structures and governance, systems improvement, export and commercial negotiations);

  • Intellectual property (IP) advice;

  • Feasibility studies; or

  • Engage an advisory board.

The equipment or service must have a direct link to increasing employment or a business growth strategy.

Eligibility Criteria

To be eligible for this grant, the business must:

  • Have a minimum trading history of 3 years at the time of application;

  • Have a minimum turnover of $500,000 for the last financial year;

  • Have fewer than 50 employees at the time of applying for the grant;

  • Have an Australian Business Number (ABN) and be registered for GST;

  • Have Queensland headquarters;

  • Have competitive opportunities in domestic or international markets;

  • Be experiencing growth and have clearly defined high-growth and employment opportunities in Queensland; and

  • Not be insolvent or have owners/directors that are an undischarged bankrupt.

Your business must have the potential for high-growth within the next 2 years. High-growth is generally considered to be a 20% increase in turnover or employment.

Applications for the Business Growth Fund will open 28 March 2018.

For more details please feel free to contact us or visit – https://www.business.qld.gov.au/starting-business/advice-support/grants/growth-fund

Government GrantsSibylle Marxgut